
It was a busy week for Australia's top brokers. This has led to a number of broker notes being released.
Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone:
According to a note out of Citi, its analysts have retained their buy rating and $39.25 price target on this banking giant's shares. The broker thinks proposed changes to negative gearing could have a big (and negative) impact on mortgage lending in the near term. In fact, Citi expects mortgage credit growth to slow to just 3.5% from 7%. However, the good news is that the broker believes business lending will be robust, especially given AI-related project investments. Citi thinks this bodes well for ANZ due to its extensive business banking division. The ANZ share price ended the week at $35.04.
A note out of Morgans reveals that its analysts have retained their buy rating on this small business lender's shares with a heavily reduced price target of $1.47. The broker acknowledges that Judo Capital downgraded its earnings guidance for FY 2026. While this was a letdown, the biggest disappointment for Morgans was the company's guidance for FY 2027. It notes that this guidance fell well short of consensus estimates for next year. Nevertheless, the broker thinks the doom and gloom and vicious selloff were an overreaction. Morgans highlights that Judo Capital's shares are now trading at under 7x FY 2027 earnings. This is despite its guidance pointing to 30% earnings growth across both FY 2026 and FY 2027. Morgans suspects that the market has now priced in a significant risk premium or probability of failure. The Judo Capital share price was fetching 88 cents at Friday's close.
Analysts at Ord Minnett have retained their buy rating on this logistics software company's shares with a reduced price target of $60.00. According to the note, Ord Minnett believes the company could be struggling to convert customers to its new pricing model. It suspects that customers are not in a rush to switch to the new model and could be waiting until the end of their contracts before doing so. As a result, it has downgraded its revenue assumptions meaningfully to reflect this. Nevertheless, Ord Minnett remains positive and sees significant value in its shares at current levels, even after cutting its valuation. The WiseTech Global share price ended the week at $31.55.
The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.
Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor James Mickleboro has positions in WiseTech Global. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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